Financial Statement Components

12 Months Ended

Mar. 31, 2025

Property, Plant and Equipment [Abstract]

Accounts receivable, net consisted of the following (in thousands):


	March 31, 2025		March 31, 2024
Trade accounts receivable	$	50,839	$	59,757
Unbilled trade accounts receivable	4,972		4,470
Less: allowance for credit losses	(1,898)		(2,746)
Less: allowance for sales reserves	(4,233)		(2,502)
Total accounts receivable, net	$	49,680	$	58,979

Allowance for credit losses and sales reserves consisted of the following (in thousands):


	March 31, 2025				March 31, 2024
	Credit Losses		Sales Reserves		Credit Losses		Sales Reserves
Beginning balance	$	(2,746)	$	(2,502)	$	(3,644)	$	(3,218)
Provision (reserve)	(1,001)		(5,355)		(1,969)		(3,581)
Recoveries (write-offs)	1,849		3,624		2,867		4,297
Ending balance	$	(1,898)	$	(4,233)	$	(2,746)	$	(2,502)

Property and equipment, net consisted of the following (in thousands):


	March 31, 2025		March 31, 2024
Capitalized internal-use software(1)	$	143,866	$	133,876
Computer equipment	49,892		53,788
Leasehold improvements	28,239		29,666
Furniture and fixtures	10,767		11,675
Construction in progress	11,981		9,593
Total property and equipment	244,745		238,598
Less: accumulated depreciation and amortization	(196,826)		(185,417)
Total property and equipment, net	$	47,919	$	53,181

(1) Current period presentation combines software development costs and software licenses into a single line item. Prior periods have been revised to conform to the current presentation.

The following table sets forth the property and equipment, net, geographic information for each period (in thousands):


	March 31, 2025		March 31, 2024
United States	$	45,677	$	49,992
International	2,242		3,189
Total property and equipment, net	$	47,919	$	53,181

Depreciation and amortization expense was $20.1 million, $26.8 million, and $36.8 million for the years ended March 31, 2025, 2024, and 2023, respectively.

During the year ended March 31, 2023, the Company abandoned and wrote off certain internally-developed software with a net book value of $3.7 million.

Other current assets consisted of the following (in thousands):


	March 31, 2025		March 31, 2024
Prepaid expense	$	21,769	$	18,172
Contract assets, current	7,009		9,453
Other current assets	5,961		7,633
Total other current assets	$	34,739	$	35,258

Accrued and other liabilities consisted of the following (in thousands):


	March 31, 2025		March 31, 2024
Accrued compensation	$	17,745	$	19,550
Accrued taxes	24,186		44,096
Other accrued liabilities	21,094		14,456
Total accrued and other liabilities	$	63,025	$	78,102

Other income (expense), net consisted of the following (in thousands):


	Years Ended March 31,
	2025		2024		2023
Gain (loss) on debt extinguishment	$	(12,325)	$	(1,766)	$	18,545
Gain on warrants remeasurement	2,225		2,176		417
Interest income	3,316		3,977		1,946
Gain (loss) on sale of assets	—		(179)		1,821
Other income (expense)	(3,616)		(731)		501
Other income (expense), net	$	(10,400)	$	3,477	$	23,230